What’s Next for ARC RESOURCES LTD. ORDINARY SHARES CANA (OTCMKTS:AETUF) After Having More Shares Shorted?

June 17, 2018 - By Michael Collier

ARC Resources Ltd. (OTCMKTS:AETUF) Logo

The stock of ARC RESOURCES LTD. ORDINARY SHARES CANA (OTCMKTS:AETUF) registered an increase of 10.53% in short interest. AETUF’s total short interest was 6.46M shares in June as published by FINRA. Its up 10.53% from 5.85M shares, reported previously. With 15,600 shares average volume, it will take short sellers 414 days to cover their AETUF’s short positions. The short interest to ARC RESOURCES LTD. ORDINARY SHARES CANA’s float is 1.84%.

The stock increased 1.04% or $0.11 during the last trading session, reaching $10.19. About 30,931 shares traded or 42.43% up from the average. ARC Resources Ltd. (OTCMKTS:AETUF) has 0.00% since June 17, 2017 and is . It has underperformed by 12.57% the S&P500.

ARC Resources Ltd., together with its subsidiaries, acquires, explores, develops, and produces crude oil, natural gas, and natural gas liquids. The company has market cap of $3.63 billion. It primarily has interest in four core areas located in Alberta and British Columbia, Canada. It has a 15.68 P/E ratio.

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